A new report issued by a real estate analysis firm reports that foreclosure rates in Louisville and Jefferson County were up by more than two percent in May. The news was in the “Real Estate News and Trends” publication issued by Corelogic, which is an information, analytics and business services company. The two-and-one-quarter percent rise [...]
The National Association of Realtors claims that uncertainties about a federal flood insurance program and delays in mortgage applications contributed to the dip in existing home sales in May. The association reported that there were 5.66 million existing home sales across the country in May, down from April’s 5.79 million and far short of analysts’ [...]
Foreclosures, job losses, the economic downturn, employment insecurity and other factors are affecting homeownership across the country according to recent data from the Census Bureau. The Bureau reports that as of late 2009, the homeownership rate has dropped from a high of 69 percent in 2006 to around 67 percent. However, another report on homeownership [...]
An innovative house hunting bicycle tour and a Chicago suburb’s plans to significantly expand bike routes in and around town may be a glimpse of a future of less reliance on gasoline and internal combustion engines. The “Homewood Green Streets House-Hunting by Bike” tour in the south suburbs and another bicycle real estate tour planned [...]
While homebuilders across the country are reeling from their worst sales month since 1981, sales of new Louisville homes remain strong according to members of the Greater Louisville Association of Realtors. Nationally, new home sales fell 33 percent in May to their lowest level since 1961, when the recording of sales of newly built homes [...]
Since the federal government began tracking new home sales in 1963, there has never been a month like May 2010. With the federal tax credit program expiring, expectations were already low, but actual sales of new homes across the country established a record low. Homebuilders report that they sold newly-constructed homes at an annual rate [...]
Some welcome news appeared recently that could indicate that the nation’s struggling housing market is beginning to recover. The National Association of Realtors reported that February home sales rose an unexpected 8.2 percent during a period when many real estate analysts predicted home sales to remain flat. Many cited the impending expiration of the homebuyer’s [...]
Louisville real estate analysts predict that Louisville housing prices have not reached bottom and probably won’t until the end of 2010. They also believe that prices won’t regain their highs of spring 2008 until sometime in 2012 according to a report recently released by technology company Fiserv. Although they expected Louisville home prices to continue [...]
The Fair Housing Act was signed into law 42 years ago this month and is a powerful reminder of the past as well as the challenges of the present and future. President Lyndon Baines Johnson signed the Fair Housing Act in April 1968 after a heated debate in Congress. The law came into effect shortly [...]
The Department of Housing and Urban Development has recently issued a ruling that any charges in addition to a real estate agent’s commission are illegal if no extra services are provided. In recent years, some real estate agents and brokers have been adding extra fees to their commissions to generate more revenue. In most cases, [...]
